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    The Key Issues for Business in a Likely Trump-Biden Rematch

    Clean energy investments, trade policy and more than one kind of uncertainty could be on the line.After beating Nikki Haley in New Hampshire on Tuesday, Donald Trump reaffirmed his position as the leading candidate to win the Republican nomination. That has business leaders facing the possibility of another Trump presidency, and their investors trying to figure out what it could mean for their bottom lines.The questions are, perhaps not surprisingly, coming from seemingly every corner of the economy.During Blackstone’s quarterly earnings call on Thursday, an analyst wanted to know if uncertainty over who would win a likely Biden-Trump matchup could freeze deal flow. (“I’d say transaction activity is going to be more tied to the Fed’s activities,” said Jonathan Gray, the company’s president and chief operating officer.)Elsewhere, on a call with the financial services company Bread, an analyst wondered out loud whether a second Trump administration might overturn a proposed rule on credit card late fees. (“Hope is not a strategy,” the company’s C.E.O., Ralph Andretta, replied.) And Jeff Arnold, the chief executive of the digital health company Sharecare, responded to a question at a conference about whether the election could threaten the Affordable Care Act. (“At the end of the day, do you think he’s going to be more interested in attacking the A.C.A. or something else?” he said of a potential Trump presidency. “ I think it’s probably going to be something else.”)The November election is still many months away, and executives are certainly not eager to talk about it. “Most business leaders are trying to stay away from politics, particularly in this presidential election year, as much as possible,” said Lori Esposito Murray, the president of the Committee for Economic Development at the Conference Board.But here are some of the key issues that are at the top of their minds.On some topics, neither Trump nor President Biden has the answer that businesses want. In a survey of about 1,200 C-suite executives by the Conference Board, the executives said their biggest risk was the rising national debt. While Haley has made reducing government spending part of her campaign, neither Trump nor Biden has made it a priority. “I don’t think there’s a candidate that is particularly encouraging on that issue,” Murray said.On corporate taxes, a second Trump administration would most likely have less effect than the first, which signed into law a cut to the corporate tax rate, to 21 percent from 35 percent, said Andy Laperriere, the head of U.S. policy at Piper Sandler. “I think it’s going to be a big enough challenge just to extend the individual tax cuts that are in place today that expire at the end of 2025,” he said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    A Radical Proposal for Nikki Haley: Try to Win More Votes

    Nikki Haley lost the New Hampshire primary but found a cause: getting under Donald Trump’s not exactly rhinoceros-thick skin. The story of the Republican primary campaign in the days since Trump’s victory has been one where the victor acts like a sore loser and the likely loser loosens up, goads her stronger rival and finds a pool of small-dollar donors to keep her in the race.Haley’s turn toward mockery and confrontation has created modest excitement in the disillusioned world of NeverTrump punditry. Maybe the remaining non-Trump Republican is giving up on being vice president or winning some future G.O.P. primary campaign. Maybe she’s ready to make Trump’s unfitness her exclusive theme. Maybe, as The Dispatch’s Nick Catoggio speculates, by needling and attacking and bringing out Trump’s worst behavior, she can even bring about the long-awaited Republican crackup that would finally defeat Trump on the scale that he deserves.I don’t think this hope makes a lot of sense. The idea that there exists some form of elite Republican denunciation, combined with egregious Trumpian misbehavior, that could shatter the G.O.P. coalition and send him to a Barry Goldwater or George McGovern-style defeat, seemed plausible enough eight years ago. It’s what I expected and what Republicans deserved.But I should have heeded the wisdom of Bill Munny in Clint Eastwood’s “Unforgiven”: “Deserve’s got nothing to do with it.” Because since then we’ve seen all kinds of terrible behavior, coupled with attempted repudiations from all sorts of Republicans, including Trump’s own aides and cabinet appointees. And yet the rule has held: Ask people if they like Trump and majorities do not, but put Trump up against the current Democratic Party, and he becomes a viable candidate for president.Maybe Haley is the right figure to change that. But she has nowhere near the pre-Trump fame of a Mitt Romney or the ideological credibility of a Liz Cheney. And based on what we saw from Chris Christie’s campaign, a pure repudiate-Trump candidacy is only likely to enhance Trump’s margins in the remaining primaries, emphasizing Haley’s hopelessness rather than her gumption.Moreover, wouldn’t there be something a little bit strange, after two consecutive primary campaigns in which Republicans desperately competed for a chance to face off with Trump one-on-one, for the winner of that prize to immediately give up on winning any more supporters? Haley’s consolidation of gentry Republicans succeeded in boxing out Ron DeSantis’s attempt to build a larger non-Trump coalition. Is she really not even going to attempt to build a larger coalition of her own?We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    State Dept. Tells Congress It Has Approved Sale of F-16 Jets to Turkey

    The department received documents on Friday signed by Turkey’s leader approving Sweden’s long-delayed entry into NATO. The alliance now awaits word from the lone holdout, Hungary.The State Department notified Congress on Friday that it had approved a $23 billion sale of F-16 fighter jets and related equipment to Turkey after the country’s leader signed documents to allow Sweden’s long-delayed entry into the North Atlantic Treaty Organization, department officials and the Pentagon said.Although Congress could move to formally block the sale, four senior lawmakers told the State Department on Friday evening that they would not object, after their aides reviewed the documents signed by President Recep Tayyip Erdogan of Turkey, U.S. officials said.Congressional officials had demanded to see the documents before signaling their approval of the sale, so the State Department asked Turkey to fly the documents to New York on Friday. The department had someone pick up the documents in New York and bring them to Washington by Friday evening to show the lawmakers.The department’s subsequent formal notification to Congress means the sale will almost certainly occur, satisfying Mr. Erdogan’s main condition for supporting Sweden’s accession to NATO and potentially helping bring to a close an episode that has strained relations between the United States and Turkey.Turkey was, along with Hungary, one of two NATO members withholding approval of Sweden’s entry into the alliance. Secretary of State Antony J. Blinken had undertaken intense diplomacy since last year, including meeting with Mr. Erdogan in Istanbul this month, to try to change the Turkish leader’s mind.Mr. Blinken discussed the issue with Mr. Erdogan in a visit to Turkey in February 2023, and said three times that Turkey would not get the F-16s if it refused to approve Sweden’s accession, a U.S. official said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Nikki Haley Looks to Home Turf to Challenge Trump

    Nikki Haley, facing growing doubts and pressure to drop out, has winnowed the race to a one-on-one contest and is looking to make her case in South Carolina.A combative Nikki Haley brought her presidential campaign back to South Carolina on Wednesday after a disappointing defeat the night before in New Hampshire, and told a boisterous crowd in a cavernous ballroom in North Charleston that she would fight Donald J. Trump for the Republican nomination.“The political elites in this state and around the country say we just need to let Donald Trump have this,” she told her supporters, who were jeering at the idea. “Listen. We’ve only had two states that have voted. We’ve got 48 more.”Nowhere is more immediately important than South Carolina, where she served two terms as governor before being tapped to serve as Mr. Trump’s first ambassador to the United Nations. But just because it’s her home state does not mean it is friendly territory. As Ms. Haley looked to reinvigorate her campaign here on the ground, Republicans, as varied as local party officials and the chairwoman of the Republican National Committee, stepped up the pressure on her to drop out. As she made her case for pressing on, the former president significantly consolidated his support.While she spoke, the Trump campaign blasted out a fresh list of endorsements in South Carolina that now includes the state’s two senators, most of its House members, its governor and lieutenant governor, and much of its State House — more than 150 names in all.“Welcome home to Trump Country, Nikki,” Austin McCubbin, Mr. Trump’s South Carolina director, taunted.Some of Ms. Haley’s closest allies and confidants on Wednesday continued to insist that Ms. Haley had met her own expectations: She had winnowed the field and was now in the two-person contest she wanted, with time enough until the primary on Feb. 24 to spread her message to a broader electorate and draw contrasts between herself and Mr. Trump.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Boeing Reinstalled Panel That Later Blew Out of 737 Max Jet

    Employees at its Washington State factory are said to have removed the door plug for further work before the plane was delivered to Alaska Airlines.Nearly three weeks after a hole blew open on a Boeing 737 Max 9 during an Alaska Airlines flight, terrifying passengers, new details about the jet’s production are intensifying scrutiny of Boeing’s quality-control practices.About a month before the Max 9 was delivered to Alaska Airlines in October, workers at Boeing’s factory in Renton, Wash., opened and later reinstalled the panel that would blow off the plane’s body, according to a person familiar with the matter.The employees opened the panel, known as a door plug, because work needed to be done to its rivets — which are often used to join and secure parts on planes — said the person, who asked for anonymity because the person isn’t authorized to speak publicly while the National Transportation Safety Board conducts an investigation.The request to open the plug came from employees of Spirit AeroSystems, a supplier that makes the body for the 737 Max in Wichita, Kan. After Boeing employees complied, Spirit employees who are based at Boeing’s Renton factory repaired the rivets. Boeing employees then reinstalled the door.An internal system that tracks maintenance work at the facility, which assembles 737s, shows the request for maintenance but does not contain information about whether the door plug was inspected after it was replaced, the person said.The details could begin to answer a crucial question about why the door plug detached from Flight 1282 at 16,000 feet, forcing the pilots to make an emergency landing at Portland International Airport in Oregon minutes after taking off on Jan. 5. The door plug is placed where an emergency exit door would be if a jet had more seats. To stay in place, the plug relies primarily on a pair of bolts at the top and another pair at the bottom, as well as metal pins and pads on the sides.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    After New Hamphire, Business Braces for a Trump Nomination

    Donald Trump cruised to victory in the state’s Republican primary, leaving anti-Trump donors and others to grapple with the reality of a near-certain nomination.Donald Trump cruised to victory in the New Hampshire Republican primary on Tuesday night.Doug Mills/The New York TimesTrump marches on As widely expected, Donald Trump handily won the New Hampshire Republican primary, defeating Nikki Haley by double digits.That has left anti-Trump donors and the broader business community glimpsing an increasingly likely future: The former president will become the Republican nominee, and stands a good shot of winning in November.Haley said she would fight on, arguing last night that “this race is far from over.” But the former South Carolina governor will head to her home state — she’s skipping the Nevada caucuses on Feb. 8 — badly trailing Trump in polls there, with many of her Palmetto State colleagues having endorsed her opponent.A growing number of Republicans are now suggesting that she should drop out: Senator John Cornyn of Texas, a senior G.O.P. lawmaker, said that his party needed “to unite around a single candidate.”Donors may start falling in line, too. A number of Haley supporters are reportedly heading to the exits: An unnamed Republican fund-raiser told CNBC’s Brian Schwartz that one of her donors was done with her campaign, declaring it over.Meanwhile, Puck’s Teddy Schleifer wrote on the social media platform X that the casino magnate Steve Wynn and the financier John Paulson attended Trump’s New Hampshire victory party last night. And Senator Tim Scott of South Carolina, who appeared at the event, told Schleifer that he expected the Oracle co-founder Larry Ellison, his biggest backer before Scott dropped out of the primary race, to support Trump as well.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Why the G.O.P. Nomination Fight Is Now (All But) Over

    Asthaa Chaturvedi, Alex Stern and Rachel Quester and Marion Lozano and Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicOn Tuesday, Donald J. Trump beat Nikki Haley in New Hampshire. His win accelerated a push for the party to coalesce behind him and deepened questions about the path forward for Ms. Haley, his lone remaining rival.Jonathan Weisman, a political correspondent for The Times, discusses the real meaning of the former president’s victory.On today’s episodeJonathan Weisman, a political correspondent for The New York Times.The former president’s victories in Iowa last week and in New Hampshire on Tuesday leave his main Republican rival, Nikki Haley, with an uphill battle.Doug Mills/The New York TimesBackground readingDonald Trump’s win in New Hampshire added to an air of inevitability, even as Nikki Haley sharpened the edge of her rhetoric.Here are five takeaways from the New Hampshire primary.There are a lot of ways to listen to The Daily. Here’s how.We aim to make transcripts available the next workday after an episode’s publication. You can find them at the top of the page.The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Sydney Harper, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Corey Schreppel, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, John Ketchum, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Dan Farrell, Sophia Lanman, Shannon Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Summer Thomad, Olivia Natt, Daniel Ramirez and Brendan Klinkenberg.Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Paula Szuchman, Lisa Tobin, Larissa Anderson, Julia Simon, Sofia Milan, Mahima Chablani, Elizabeth Davis-Moorer, Jeffrey Miranda, Renan Borelli, Maddy Masiello, Isabella Anderson and Nina Lassam. More

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    Nikki Haley Vows to Fight On Against Trump After New Hampshire Loss

    Former Gov. Nikki Haley of South Carolina on Tuesday defied calls to drop out of the race for the Republican nomination, vowing to fight on after a second straight defeat at the hands of former President Donald J. Trump.In rousing remarks, Ms. Haley looked ahead to the coming primary contest in South Carolina, where she is lagging far behind Mr. Trump in polls despite a home-state advantage.“New Hampshire is first in the nation. It is not the last in the nation. This race is far from over,” Ms. Haley said, adding, “We’re going home to South Carolina.”Borrowing signature lines from her stump speeches, Ms. Haley noted how far she had come since the race first opened, when she was polling at just over 2 percent, declaring herself “a fighter.”“And I’m scrappy. And now we’re the last ones standing next to Donald Trump,” she added.Ms. Haley also turned up the heat on Mr. Trump, the dominant front-runner in the Republican race who is fighting 91 felony charges, criticizing him as equally bad for the country as another four years of President Biden. She also took another dig at Mr. Trump’s mental fitness and his 77 years of age.“With Donald Trump you have one bout of chaos after another,” she said. “This court case, that controversy, this tweet, that senior moment. You can’t fix Joe Biden’s chaos with Republican chaos.”In her final Granite State appearances before polls closed, Ms. Haley had rejected claims that Republican voters had already solidly united behind the former president, and pledged not to end her bid no matter the result.“I didn’t get here because of luck,” she said at a polling site in Hampton, N.H., while flanked by supporters, including Gov. Chris Sununu, her top surrogate in the state. “I got here because I outworked and outsmarted all the rest of those fellas. So I’m running against Donald Trump, and I’m not going to talk about an obituary.”Mr. Trump, speaking to supporters at his victory party, mocked Ms. Haley for speaking “like she won.” But “she didn’t win — she lost,” he added.On Wednesday morning, Ms. Haley is expected to speak during a Republican State Committee meeting in the Virgin Islands, which holds its contest on Feb. 8. She is then anticipated at a homecoming rally in Charleston, S.C.A number of people close to Ms. Haley are encouraging her to keep going, many who are deeply opposed to Mr. Trump’s becoming the nominee again.Betsy Ankney, her campaign manager, released a memo early Tuesday morning shooting down suggestions that Mr. Trump’s path to the nomination was inevitable. She pointed to the 11 of the 16 states that vote on Super Tuesday that have “open or semi-open primaries” that can include independent voters and are “fertile ground for Nikki.”Nevada will host a Republican caucus on Feb. 8, but Ms. Haley is not competing in that contest, instead participating in a Republican primary in the state two days earlier that awards no delegates.Her campaign has bought over $1 million in television advertising from Tuesday through Feb. 6, according to AdImpact, a media-tracking firm.And officials at her allied super PAC, Stand for America, said they, too, planned to forge ahead.Mark Harris, the lead strategist for the PAC, said it was prepping television, mail and digital advertising in a get-out-the-vote effort that would look similar to the programs it took on in Iowa and New Hampshire, though as of Tuesday it had not yet made those investments.“We’re running the outsider candidacy, so this was never going to happen all magically in one day, and so we’re going to keep pushing ahead,” Mr. Harris said.Since the summer, Ms. Haley has predicted that the Republican nominating contest would result in a showdown between herself and Mr. Trump in her home state. Her outward confidence in that scenario has not faltered — not after she failed to place second in Iowa, not after her top rival for No. 2, Gov. Ron DeSantis of Florida, dropped out and endorsed Mr. Trump, not after a slate of South Carolina legislators this week joined Mr. Trump on the stump in the final days of the New Hampshire race.Her message to his allies and the news media: She has been here before.“I won South Carolina twice as governor,” she told reporters Friday at a retro diner in Amherst. “I think I know what favorable territory is in South Carolina.”Maggie Haberman More